Corporate lobbyist wanted in India barred from leaving UAE

first_imgIn a setback to CBI and income-tax sleuths, a Dubai court has barred corporate lobbyist Deepak Talwar, who is being probed in India for allegedly concealing income of more than Rs 1,000-crore as well as facilitating aviation contracts during the UPA regime, from leaving the country. The Dubai court gave an order on November 29, 2017.The court’s order came after a complaint by one Rajendra Patel, a resident of Burj Dubai, filed on November 28.The complaint relates to a dispute over financial transactions held between March and November between Patel and Talwar for their ‘commericial interests’ in Dubai.Officials in CBI and I-T are intrigued about the timing of the order which will frustrate India’s efforts to bring Talwar back to the country to face the law.Read it at Times of India Related Itemslast_img read more

Opening India’s Economy to Corporate America: Retail Apocalypse to Save the American Dream

first_imgRecently the Indian Cabinet approved key changes in India’s foreign direct investment (FDI) policy by allowing 100 percent FDI (from current 49%) under automatic route for single brand retail trading and construction development paving the way for global players. During April-September, 2017-18, FDI inflows grew 17 percent on year at USD 25.35 billion. In the financial year 2016-17, total FDI inflows hit an all-time high of USD 60.08 billion, as compared with USD 55.46 billion a year ago.While India is opening up its markets to be developed by borrowed foreign investment there is a fundamental question that remains to be answered or rather even asked by experts. While the Western European countries are themselves still reeling under the pressure of the 2008 financial crisis that shook not just their economic but societal and even security foundations and brought them to the verge of bankruptcies; where would all these FDI investment monies come from? This simple question if answered would lay bare the entire charade of Foreign Direct Investment in India as well as the American Dream. It is really amusing that none from the entire 1.3 billion population of India has been able to ask this humble question.Read it at Global Research Related Itemslast_img read more

Indian American-led Research Team Awarded $10 Million NSF Grant to Develop Camera to Probe Beneath Skin

first_imgThe National Science Foundation recently awarded an interdisciplinary team of investigators at five higher education institutions with a five-year, $10 million grant to develop a new type of camera that peers deep beneath the skin to help diagnose and monitor a wide variety of health conditions.The team of investigators for the NSF’s newly announced Expeditions in Computing program is led by Rice University and includes contributions from individuals from Carnegie Mellon University, Harvard University, the Massachusetts Institute of Technology and Cornell University.Read it at India West Related Itemslast_img

Indian Embassy Denies it Formed Intervention Force to Rescue Distressed Workers

first_imgWhen a report appeared in a local daily that the Indian Embassy in Kuwait has formed an ‘intervention force’ to rescue distressed workers from the homes of their sponsors, a senior Indian Embassy officially vehemently denied the existence of such a force.A senior official at the embassy said, “There is no intervention force and we don’t need to have one.” The official stressed the Indians respect the laws of the land and the embassy works in cooperation with Kuwait’s Ministry of Foreign Affairs.Read it at Arab Times Related Itemslast_img

Spotting Grey

first_imgWhite is the most popular color for cars worldwide, but Indians are bucking the growing popularity of black and grey colors in America and  Europe. Only 4% of Indians have a preference for grey and 7% for black, against 18% and 26% respectively in Europe and 12% and 17% in North America.   Related Itemslast_img